Homebuilder sentiment has dropped every month in 2022, amid a volatile economy, reaching the lowest level since 2012 in December, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) published on Dec. 19. The decline comes as inflation remains elevated and mortgage rates, driven by the Federal Reserve’s aggressive monetary tightening…
Homebuilder Sentiment Drops for 12 Months in a Row to Lowest in Decade
December 21, 2022
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Homebuilder Sentiment Falls to Low Levels as Buyer Traffic Evaporates
November 16, 2022
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30-year mortgageBusiness & MarketseconomyHomebuilder Confidencehomebuilder sentimenthousing affordabilityinflationreal estateU.S. home salesUSUS Real Estate
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Homebuilder sentiment in newly built single-family homes dropped in November as prospective buyers shied away from making a purchase due to high costs, according to the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index (HMI), which measures homebuilder sentiment, declined five points, to 33, and registered the 11th consecutive monthly decline,…
Goldman Sachs Analysts Expect Housing Market to Deteriorate Further as Rate Hikes Are Not Fully Felt
October 25, 2022
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Business & Marketseconomic policieseconomyhomebuilder sentimenthousing marketinflationmortgagereal estateUSUS Real Estate
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Goldman Sachs analysts have warned that the already weak housing market may face further trouble, as the effect of high mortgage rates has yet to be fully felt. The analysts say that the housing market is expected to slide in the coming months, as existing homes sales data for September failed to fully capture the…
Homebuilder Pessimism Deepens As Housing Recession Shows ‘No Signs of Abating’: NAHB
Homebuilder pessimism has deepened as confidence in the U.S. housing market continues its downward spiral amid skyrocketing mortgage rates and inflation. Home construction businesses blame rising rates for the decline in sentiment, by making housing less affordable for first-time buyers at a time when single-family home prices are at an all-time high. Supply shortages and…
Homebuilder Confidence Rises for Third Consecutive Month Even as Supply-Side Challenges Persist
Homebuilder confidence rose for the third consecutive month in November, beating forecasts despite the persistence of supply-side challenges like shortages of construction materials, lots, and labor. Sentiment among single-family homebuilders moved up by three points to a reading of 83 in November, according to the NAHB/Wells Fargo Housing Market Index (HMI), marking the third month in row…
Homebuilder Confidence Edges up After Recent Plunge to 13-Month Low
Homebuilder confidence inched up in September after falling to its lowest reading in 13 months in August, though optimism was capped by hiring difficulties and building material supply chain issues, according to the NAHB/Wells Fargo Housing Market Index (HMI). Sentiment among single-family homebuilders edged up by one point to a reading of 76 in September, according…
Homebuilder Confidence Drops to 13-Month Low on High Material Costs and Surging Home Prices
Homebuilder confidence fell in August to its lowest reading in 13 months, driven down by higher construction costs, supply shortages, and rising home prices sidelining prospective buyers, according to the NAHB/Wells Fargo Housing Market Index (HMI). Sentiment among single-family homebuilders fell by five points to a reading of 75 in August, according to the HMI measure….
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